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Hon Hai Precision Industry ( (HNHPF) ) has issued an announcement.
Hon Hai Precision Industry Co., Ltd. has announced significant investments through its subsidiaries in two major ventures. The first involves HONGFUJIN PRECISION ELECTRONICS (ZHENGZHOU) CO., LTD. acquiring shares in Foxconn New Energy Battery (Zhengzhou) Co., Ltd. for a total of RMB 600 million, aimed at long-term investment in the growing energy sector. The second investment by Foxconn Innovation Industry Development Group Co., LTD. involves acquiring shares in Foxconn New Energy Automobile Industry Development (Henan) Co., LTD. for the same amount, with an initial investment of RMB 350 million. These strategic moves underscore Hon Hai’s commitment to expanding its footprint in the new energy and automobile sectors, potentially strengthening its position in these burgeoning industries.
More about Hon Hai Precision Industry
Hon Hai Precision Industry Co., Ltd., also known as Foxconn, is a leading global electronics manufacturer. The company specializes in the production of electronic components, semiconductors, and telecommunications equipment, with a strong market focus on consumer electronics and new energy technologies.
YTD Price Performance: 65.73%
Average Trading Volume: 48,028
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $76.85B
For a thorough assessment of HNHPF stock, go to TipRanks’ Stock Analysis page.
